Rising interest cost and inflation notwithstanding, the industry mood remains upbeat as over one-third of the 121 manufacturing sectors tracked by a CII-Ascon Survey, projected an excellent growth of above 20 per cent for the fiscal 2010-11. According to the CII-Ascon Survey, the sectors which showed excellent growth included air conditioners, tractors, fertilisers, ball and roller bearings, earth moving and construction equipment, tyres and machine tools. The survey showed, the number of sectors showing a negative growth was reduced to 5 this fiscal from 25 in the previous year. However, the CII projection that the overall industry performance in 2010-11 would be better than of the previous year is contrary to official figures which show that the manufacturing growth slipped to 8.6 per cent between April-January from 9.9 per cent. As per the government's estimates, the country's economic growth is pegged at 8.6 per cent in the current fiscal compared to 8 per cent in 2009-10.